Tokyo [Japan]: Negotiators from Japanese automaker Nissan and its French companion, Renault, are ready for his or her boards of administrators to approve an settlement that might restructure their capital relationship, NHK reported on Tuesday.
Nissan has been negotiating for a partnership of equals. Renault presently holds 43 per cent of Nissan’s shares. The Japanese automaker’s stake in Renault is simply 15 per cent.
Below the deal, Nissan would purchase a most stake of 15 per cent in a brand new electrical car (EV) firm that Renault is planning to ascertain. The precise share or quantity of the funding will not be specified.
In line with NHK sources, the Nissan and Renault managers have agreed on the deal’s general framework. It could be finalised as soon as the boards give their approval.